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Chennai: Goods and Services Tax Bill is a strong yet simple platform in India, which can deal with the import/export of goods inside the state boundaries, said the industry body Assocham denoting GST as the ‘Brahmastra’ of the country.
The Monsoon session of the Parliament, beginning from the July 3rd week will witness some major proceedings. The cabinet committee will be deciding the actual schedule of the session.
The final draft of the much talked about Goods and Service Tax (GST) , prepared by the central and state government officials,has been submitted to the the State Finance Ministers’ Committee. The empowered committee is expected to take the issue in the meeting that is planned for next week
Anticipated Goods and Service Tax (GST) bill has gone through with lots of ups and down, until its suggestion to its current form now, a single tax for a number of taxes. As per a top official source, The Hindu revealed that GST rolled out could pushed by 2017 and GST needed a Constitution (122nd) Amendment Bill to become reality and in the remainder of the current session of Rajya Sabha, it’s seems impossible.
The Congress party on Friday insistently said it’s not us but the RSS that does not want the passage of the Goods and Services Tax (GST) bill in the parliament. As well as the party also mentioned to give their support to the key legislation, if ruling government agrees to their two “Principal demands”.
Service tax is a tax which imposed on taxable services provided in India (other than J&K). Due dates for liability of depositing service tax in the account of government is 5th of every month for the month ended, if payment mode is Offline (i.e. for the month of January due date for depositing service tax challan […]
From last some years, the lawsuits regarding the Service tax have increased due to absence of India’s most crucial taxation regime- Goods and Service Tax (GST). The GST Bill will remove several indirect taxes like service tax, VAT etc and it will create a single market for one dozen levies states.
Prime Minister Narendra Modi has faced a couple of tough questions from a top official of the Saudi-India business council yesterday. PM has invited the Saudi businesses to come and make investments in the country’s defence, energy, railway, health, and agricultural sectors.
The Indian economist and currently chairperson of the Forum of Federations, Mr. Vijay Kelkar believes that the introduction of Goods and Services Tax (GST) will play an important role to push the economic growth of India rapidly.
